TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 196C mandates TDS on non-resident income from foreign currency bonds and GDRs under section 115AC</h1> Section 196C of the Income Tax Act, 1961 mandates tax deduction at source on income payable to non-residents from foreign currency bonds or Global Depository Receipts under section 115AC. The payer must deduct tax at the time of crediting the account or payment, whichever is earlier. Deduction rates are: 10% for interest or dividends; 10% for long-term capital gains from transfers before July 23, 2024; and 12.5% for long-term capital gains from transfers on or after July 23, 2024.
TaxTMI 
TaxTMI 
